The following information is provided for Nguyen Company and Northwest Corporation. $$\begin{array} { l c c }
{ \text { (in } \$ \text { millions) } } & \text { Nquyen Company } & \text { Northwest Corporation } \
\hline \text { Net income } 2022 & \$ 165 & \$ 420 \
\text { Net sales } 2022 & 1,650 & 4,900 \
\text { Total assets } 12 / 31 / 20 & 1,000 & 2,400 \
\text { Total assets } 12 / 31 / 21 & 1,050 & 3,000 \
\text { Total assets } 12 / 31 / 22 & 1,150 & 4,000
\end{array}$$ If Nguyen and Northwest are in the same industry and the industry average for return on assets is equal to 30% which of the following statements is true?
A)Nguyen is more profitable than the average company in its industry.
B)Northwest is more profitable than Nguyen.
C)Both Nguyen and Northwest are more profitable than the average company in their industry.
D)Nguyen is more profitable than Northwest.

Question

The following information is provided for Nguyen Company and Northwest Corporation. $$\begin{array} { l c c } 
 { \text { (in } \$ \text { millions) } } & \text { Nquyen Company } & \text { Northwest Corporation } \
\hline  \text { Net income } 2022 & \$ 165 & \$ 420 \
\text { Net sales } 2022 & 1,650 & 4,900 \
\text { Total assets } 12 / 31 / 20 & 1,000 & 2,400 \
\text { Total assets } 12 / 31 / 21 & 1,050 & 3,000 \
\text { Total assets } 12 / 31 / 22 & 1,150 & 4,000
\end{array}$$ If Nguyen and Northwest are in the same industry and the industry average for return on assets is equal to 30% which of the following statements is true?
A)Nguyen is more profitable than the average company in its industry.
B)Northwest is more profitable than Nguyen.
C)Both Nguyen and Northwest are more profitable than the average company in their industry.
D)Nguyen is more profitable than Northwest.

Quizplus · Accepted Answer

The Answer of The following information is provided for Nguyen Company and Northwest Corporation. $$\begin{array} { l c c } 
 { \text { (in } \$ \text { millions) } } & \text { Nquyen Company } & \text { Northwest Corporation } \
\hline  \text { Net income } 2022 & \$ 165 & \$ 420 \
\text { Net sales } 2022 & 1,650 & 4,900 \
\text { Total assets } 12 / 31 / 20 & 1,000 & 2,400 \
\text { Total assets } 12 / 31 / 21 & 1,050 & 3,000 \
\text { Total assets } 12 / 31 / 22 & 1,150 & 4,000
\end{array}$$ If Nguyen and Northwest are in the same industry and the industry average for return on assets is equal to 30% which of the following statements is true?
A)Nguyen is more profitable than the average company in its industry.
B)Northwest is more profitable than Nguyen.
C)Both Nguyen and Northwest are more profitable than the average company in their industry.
D)Nguyen is more profitable than Northwest.

The Following Information Is Provided for Nguyen Company and Northwest